Firstgroup Services Inc Acquires Land In Miami For $9.08M
3486 Northwest 25th Street, Miami, FL, USA
$9,080,650
$440/SF
Building Size
20,599 SF
Asset Type
—
Closing
Oct 14, 2021
About this deal
AI
Firstgroup Services Inc has acquired a land asset in Miami. The property is located at 3486 NW 25th St and spans a total area of 20,599 square feet. The transaction took place on October 15, 2021, with a sale price of $9,080,650. The price per square foot for this land parcel is $441.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $9,080,650
- Address: 3486 NW 25th St, Miami
- Market: Miami
- Buyer: Firstgroup Services Inc
- Seller: Tricia A. Martinez
- BSF: 20,599
- PPBSF: $441
In this deal, Tricia A. Martinez acted as the seller. Firstgroup Services Inc was represented by their broker.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93